Core Points - The signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol on October 28 in Kuala Lumpur marks a significant milestone in open cooperation between China and ASEAN, injecting strong momentum into the construction of an open world economy [1] - The upgrade is a key outcome of the consensus reached during the 30th anniversary summit of China-ASEAN dialogue relations and aligns with the goals of expanding high-level opening-up as outlined in the 20th National Congress of the Communist Party of China [1] - The China-ASEAN Free Trade Area has evolved since its establishment in 2010, continuously adapting to regional integration and enhancing trade cooperation across various sectors [1] Economic Cooperation - The construction of the China-ASEAN Free Trade Area 3.0 is an effective way to build a super-large market and a community with a shared future, with trade value expected to approach $1 trillion in 2024 and cumulative bilateral investment exceeding $450 billion as of July this year [2] - The upgrade will promote the development of emerging industries such as digital and green sectors, enhance standards and regulatory alignment, and facilitate infrastructure and supply chain connectivity [2] - The agreement reflects a strong commitment to multilateralism and free trade, providing certainty in the face of rising protectionism and geopolitical tensions [2] Future Outlook - By early 2025, China is expected to have signed 23 free trade agreements with 30 countries and regions, expanding its space for mutual benefit and cooperation [3] - China aims to continue being a "stabilizing anchor" and "driving force" for the world economy through open cooperation and mutual benefit [3] - The ongoing trend of economic globalization is seen as an unstoppable historical tide, with China committed to sharing opportunities and achieving win-win outcomes through inclusive economic globalization [3]
中国—东盟自贸区3.0版为区域开放合作注入更强劲动能(和音)
Ren Min Ri Bao·2025-10-28 22:56